China, Indonesia sign MOU on energy cooperation

(Xinhua)
Updated: 2006-10-29 09:11

He noted that as two major developing nations in Asia, the friendly cooperation of the two sides is not only in their own interests but also conducive to peace, stability and prosperity in Asia and the world.

The Indonesian president said energy security is a key factor in allowing China and Indonesia to achieve peace, stability and development.

He said there is great potential for the two sides to explore energy cooperation and the pace of cooperation should be further accelerated.

The two countries have agreed that, beginning in 2009, Indonesia's Tangguh gas field will provide 2.6 million tons of liquefied natural gas (LNG) annually to east China's Fujian Province for a period of 25 years.

Indonesia is the largest economy in the Association of Southeast Asian Nations (ASEAN), and China is its fourth largest trade partner.


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